Quantinno Capital Management LP Has $2.44 Million Holdings in Wix.com Ltd. (NASDAQ:WIX)

Quantinno Capital Management LP increased its holdings in Wix.com Ltd. (NASDAQ:WIX) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,393 shares of the information services provider’s stock after acquiring an additional 1,008 shares during the period. Quantinno Capital Management LP’s holdings in Wix.com were worth $2,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Wix.com by 94.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 26,326 shares of the information services provider’s stock valued at $5,648,000 after acquiring an additional 12,807 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Wix.com in the fourth quarter worth $321,000. MassMutual Private Wealth & Trust FSB increased its position in Wix.com by 113.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 262 shares of the information services provider’s stock worth $56,000 after acquiring an additional 139 shares during the period. SG Americas Securities LLC raised its position in shares of Wix.com by 558.5% during the fourth quarter. SG Americas Securities LLC now owns 471,933 shares of the information services provider’s stock valued at $101,253,000 after buying an additional 400,265 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its stake in shares of Wix.com by 79.5% in the fourth quarter. Avior Wealth Management LLC now owns 201 shares of the information services provider’s stock valued at $43,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WIX. Needham & Company LLC reissued a “buy” rating and issued a $235.00 price target on shares of Wix.com in a report on Wednesday, February 19th. UBS Group set a $250.00 price objective on shares of Wix.com in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Wix.com from $205.00 to $189.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Cfra Research lowered Wix.com from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Finally, Benchmark cut their price target on Wix.com from $260.00 to $245.00 and set a “buy” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.95.

Wix.com Stock Up 0.8%

Shares of NASDAQ WIX opened at $181.74 on Wednesday. Wix.com Ltd. has a 52 week low of $137.94 and a 52 week high of $247.11. The business’s 50 day moving average price is $166.56 and its 200 day moving average price is $196.96. The firm has a market cap of $10.20 billion, a P/E ratio of 77.34, a P/E/G ratio of 2.83 and a beta of 1.56.

Wix.com declared that its board has authorized a stock buyback program on Thursday, February 27th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the information services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

About Wix.com

Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers.